Tax years ending 31 August 2026 convert income at 10,8880 kronor per euro

Euro-reporting companies with a tax year running from 1 September 2025 to 31 August 2026 can now convert their income statement. Skatteverket's table of average rates per tax year gives 1 euro = 10,8880 kronorSkatteverket for that periodSkatteverket. The figure is specific to that broken tax year: the twelve months to 31 July 2026 carry 10,8995 kronor, the twelve months to 30 June 2026 carry 10,9122 kronor, and calendar year 2025 carries 11,0652 kronor.

The income statement is converted into kronor at the tax year's average rateSkatteverket. Where several companies belong to the same group at the end of the tax year and do not share the same tax year because one of them was formed or acquired during the year, that company converts its income statement at the average rate applying to the other euro-reporting group companies.

The average rate carries through the tax computation. Within the coupled area, the result is measured in euro in the accounts and translated for the return at the average rate; equipment depreciated under the räkenskapsenlig method is therefore calculated on acquisition values in euro and translated at that rate. For non-coupled items — properties, securities and receivables that are capital assets — the euro amounts that affected the book result are translated at the average rate and then reversed for tax purposes, and the taxable or deductible amounts in kronor are entered instead. Companies consequently need acquisition values in kronor for those items alongside the euro values used in the accounts.

The same rate applies to the year's result in the balance sheet, which is one of the two exceptions to converting balance-sheet items at the rate at the end of the tax year. The resulting difference between the two rates is not taken to income; it is noted in the converted balance sheet as a correction item and is neither taxable nor deductible.

Two further points follow the average rate. Exchange differences on receivables, liabilities, provisions and cash in a currency other than euro are first measured in euro at the closing rate and then translated into kronor at the tax year's average rate for the return. And where Skatteverket does not accept the company's valuation of inventory, work in progress, receivables, liabilities or provisions, the amount affecting taxable income is adjusted for the difference between the closing rate and the average rate, so a EUR 100 increase in a year with an average rate of 9 kronor and a closing rate of 10 kronor raises the taxable result by 900 kronor.

Rates come from the European Central Bank for the respective Swedish banking day, and Skatteverket states the applicable rate on its website.

The legal basis is lagen (2000:46) om omräkningsförfarande vid beskattningen för företag som har sin redovisning i euro, m.m., in particular 5, 6, 7, 11, 13 and 17 §§.